India Shelter Finance Corporation Limited has informed the Exchange about General Updates
INDIASHLTR · price
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India Shelter Finance Corporation has received approval from both NSE and BSE for reclassifying 16 members from the Promoter & Promoter Group category to the Public category. The reclassification includes Mr. Anil Mehta (former Promoter holding 1.44% as of March 31, 2026) and 15 others including Mr. Adit Mehta, Ms. Aditi Mehta, Ms. Anjali Mehta, Mr. Sanjeeva Bhargava, Mr. Shalabh Mehta, Ms. Vipula Surana, and several Crossland entities, all of which hold NIL shares. The approval was granted under SEBI Regulation 31A of the Listing Regulations. The company originally filed this application on February 10, 2026.
This reclassification reduces the number of entities in the promoter group, simplifying the company's shareholder structure. Since 15 of the 16 reclassified entities hold zero shares, the practical impact on shareholding is minimal, with Mr. Anil Mehta's 1.44% stake now classified as a public holding.